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Intelligent Monitoring Group to Acquire ADT's Residential Security Business in UK for 180 Million Pounds Sterling

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Intelligent Monitoring Group (ASX:IMB) struck a deal to acquire ADT's residential security business in the UK from a subsidiary of Johnson Controls International for 180 million pounds sterling, according to a Thursday filing with the Australian bourse.

The consideration includes 155 million pounds sterling in cash and 25 million pounds sterling worth of Intelligent Monitoring Group shares.

The deal is expected to be materially accretive to earnings, increasing Intelligent Monitoring's pro forma annualized earnings before interest, taxes, depreciation, and amortization to AU$130 million and to provide a pro forma earnings per share uplift of about 40%, the company said.

The acquisition also adds AU$12.5 million of recurring revenue per month from more than 160,000 direct customers, per the filing. It is expected to complete in the first half of 2027, subject to regulatory and shareholder approval.

Additionally, Intelligent Monitoring has agreed to refinance its current facilities with a four-year, AU$448 million facility provided by Ares Capital, split between 155 million pounds sterling and AU$150 million, to support the transitioning of the UK business it is acquiring.

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